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portada Pension Benefit Guaranty Corporation: redesigned premium structure could better align rates with risk from plan sponsors: report to the Chairman, Comm
Type
Physical Book
Publisher
Language
English
Pages
96
Format
Paperback
Dimensions
28.0 x 21.6 x 0.5 cm
Weight
0.24 kg.
ISBN13
9781974202027

Pension Benefit Guaranty Corporation: redesigned premium structure could better align rates with risk from plan sponsors: report to the Chairman, Comm

U. S. Government Accountability Office (Author) · Createspace · Paperback

Pension Benefit Guaranty Corporation: redesigned premium structure could better align rates with risk from plan sponsors: report to the Chairman, Comm - Office, U. S. Government Accountability

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Synopsis "Pension Benefit Guaranty Corporation: redesigned premium structure could better align rates with risk from plan sponsors: report to the Chairman, Comm"

" At the end of fiscal year 2011, PBGC insured the pension benefits of 44 million U.S. workers, retirees, and beneficiaries in about 27,000 private defined benefit plans. PBGC's 2011 net accumulated deficit of $26 billion, coupled with future risks posed by plan sponsors and their plans, threatens PBGC's solvency. To help contain PBGC's deficit, Congress recently passed legislation increasing PBGC premiums. Beyond simply increasing rates, the administration has proposed granting PBGC authority to redesign its premium structure to more fully reflect the risk of new claims. To better understand the issues involved, GAO was asked to examine (1) the options available to adjust premiums to improve PBGC's financial condition; (2) the potential implications of adjusting premiums; and (3) the potential implementation challenges in moving to a more risk-based premium structure. To conduct this work, GAO reviewed relevant legislation, analyzed PBGC premium data, and interviewed officials implementing other risk-based premium structures in this country and the United Kingdom, as well as numerous experts and plan sponsors reflecting a broad spectrum of perspectives on the topic. "

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